Key Takeaways
- • Basis Industrial and One Investment Management closed a $144.6 million acquisition of an 839,001-square-foot shallow bay industrial portfolio on March 31, 2026, spanning Atlanta and Orlando markets with immediate geographic diversification across two high-growth corridors.
- • The joint venture is programmatically structured to aggregate $1 billion to $1.5 billion in industrial properties across the United States, with this initial acquisition seeding a broader, long-term value creation strategy focused on multi-tenant industrial assets in well-located submarkets.
- • The portfolio comprises three distinct assets: the Breckinridge Shallow Bay Portfolio in Duluth, Georgia (558,074 sq ft); Lake Point Business Park in Orlando, Florida (134,389 sq ft); and Challenger South I and II in Orlando, Florida (146,538 sq ft), acquired off-market from Boston-based Albany Road Real Estate Partners.
- • Basis Industrial, a vertically integrated real estate owner and operator, paired with OneIM, a global alternative investment manager, positioning the venture to leverage operational expertise with institutional capital and structured finance capabilities.
- • Walker & Dunlop Capital Markets provided comprehensive advisory support, with Mo Beler co-heading the equity raise alongside structured debt sourcing, indicating institutional-grade financing architecture backing the programmatic growth strategy.
Summary
Basis Industrial and One Investment Management announced the March 31, 2026 closing of a $144.6 million acquisition of shallow bay industrial assets spanning Atlanta and Orlando markets. The 839,001-square-foot portfolio represents the seed transaction for a programmatically structured joint venture designed to accumulate between $1 billion and $1.5 billion in industrial properties nationwide. This capital-intensive approach signals institutional-scale consolidation within the shallow bay industrial sector, a subsegment traditionally characterized by fragmented ownership and operational inefficiencies.
The acquired portfolio is geographically stratified across two discrete metropolitan areas. The Breckinridge Shallow Bay Portfolio in Duluth, Georgia comprises 558,074 square feet and provides Basis Industrial's entry into the Atlanta industrial market. Complementing this anchor asset, the joint venture simultaneously acquired 280,927 square feet of operational space across Orlando, consisting of Lake Point Business Park (134,389 sq ft) and the dual-asset Challenger South I and II configuration (146,538 sq ft). The off-market transaction structure, facilitated through Albany Road Real Estate Partners of Boston, suggests negotiated terms and relationship-based deal flow—typical of institutional-grade industrial acquisitions that circumvent broader market competition.
The joint venture's strategic framework emphasizes active asset management and long-term value creation within multi-tenant industrial platforms. By concentrating on shallow bay assets in high-growth submarkets, the partners position the platform to capitalize on ongoing logistics-driven demand and the structural undersupply of modern industrial infrastructure in these regions. The vertical integration of Basis Industrial—an operational real estate owner and operator—paired with OneIM's alternative investment management and institutional capital access creates a two-tier governance model balancing hands-on asset management with sophisticated financial and capital markets execution.
Advisory support from Walker & Dunlop Capital Markets underscores institutional-grade financing architecture. Mo Beler, co-head of equity and structured finance, led the programmatic equity raise component, while the institutional advisory team of Aaron Appel, Jonathan Schwartz, and Michael Brown sourced debt capital. This multi-discipline advisory engagement reflects the complexity of financing a $1 billion to $1.5 billion programmatic acquisition vehicle and signals strong institutional appetite for curated industrial portfolios in growth markets. Anthony Scavo, president and managing partner of Basis Industrial, spearheaded the partnership's execution, leveraging three decades of development and operational experience across asset classes.
The acquired portfolio is geographically stratified across two discrete metropolitan areas. The Breckinridge Shallow Bay Portfolio in Duluth, Georgia comprises 558,074 square feet and provides Basis Industrial's entry into the Atlanta industrial market. Complementing this anchor asset, the joint venture simultaneously acquired 280,927 square feet of operational space across Orlando, consisting of Lake Point Business Park (134,389 sq ft) and the dual-asset Challenger South I and II configuration (146,538 sq ft). The off-market transaction structure, facilitated through Albany Road Real Estate Partners of Boston, suggests negotiated terms and relationship-based deal flow—typical of institutional-grade industrial acquisitions that circumvent broader market competition.
The joint venture's strategic framework emphasizes active asset management and long-term value creation within multi-tenant industrial platforms. By concentrating on shallow bay assets in high-growth submarkets, the partners position the platform to capitalize on ongoing logistics-driven demand and the structural undersupply of modern industrial infrastructure in these regions. The vertical integration of Basis Industrial—an operational real estate owner and operator—paired with OneIM's alternative investment management and institutional capital access creates a two-tier governance model balancing hands-on asset management with sophisticated financial and capital markets execution.
Advisory support from Walker & Dunlop Capital Markets underscores institutional-grade financing architecture. Mo Beler, co-head of equity and structured finance, led the programmatic equity raise component, while the institutional advisory team of Aaron Appel, Jonathan Schwartz, and Michael Brown sourced debt capital. This multi-discipline advisory engagement reflects the complexity of financing a $1 billion to $1.5 billion programmatic acquisition vehicle and signals strong institutional appetite for curated industrial portfolios in growth markets. Anthony Scavo, president and managing partner of Basis Industrial, spearheaded the partnership's execution, leveraging three decades of development and operational experience across asset classes.
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